Reply to Is social security really at risk of going away ?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My take on what might happen (and I’m not an insider or expert).  The administration will declare (by fiat) that all workers can opt out of payroll taxes, and invest the savings in private 401k plans.  Almost all younger workers would choose this option.  Since SS is a pay-go program, younger workers declining to pay in would cripple the ability to pay for current and near-term retirees.  Elon says “see… it really was an Ponzi scheme!” and starts ramping down payments.  End of SS.[/quote]

I believe that this is the line on the sand for politicians by because they know this would be the end of their political careers.  [/quote]

I have been paying in to Social Security and Medicare for around 45 years.  That probably works out to $700,000 by now.  I have not yet collected a single penny of it.  If Republicans decide to take it from me, I will consider it CRIMINAL THEFT and will demand immediate repayment.  I will go after anyone and everyone involved in that scheme, by whatever means necessary.  [/quote]

Same — although not nearly as much money. My first paycheck job was at age 14. Later jobs with benefits calculated the benefits based on assumptions about social security. I would have made completely different life decisions if I hadn’t believed that the money that I paid out in mandatory deductions was not going to provide me with a secure base in my older age.  I can see getting to a point where I have nothing left to lose — and I won’t be the only one who feels that way.

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